Danish component manufacturer Danfoss announced on March 1 at the EuroShop trade show in Dusseldorf, Germany, that it has finalized its acquisition of CO2 compressor manufacturer BOCK GmbH, from NORD Holding GmbH.
Danfoss announced its intention to acquire BOCK headquartered in Frickenhausen, Baden-Württemberg, Germany, last October at the Chillventa trade show in Nuremberg, Germany.
The completion of the acquisition “reinforces Danfoss’ position as a preferred provider of greener cooling and heating solutions,” said Danfoss. The announcement is made in parallel with Danfoss releasing “strong 2022 results, which demonstrate the huge growth potential in products and solutions that contribute to meeting global and regional climate goals,” the company said.
“Danfoss’ global presence will open new business opportunities for BOCK.”Dr. Marcus Albrecht, CEO, BOCK
Danfoss officials said that the company is now targeting the U.S. as a new market for BOCK’s CO2 compressors, which are in the final stages of UL certification. Danfoss will feature the compressors at the IIAR conference in Long Beach, California, March 13-15. “There is a huge demand now for CO2 in the U.S.,” they said.
Danfoss called the acquisition of BOCK’s semi-hermetic reciprocating CO2 compressors and condensing units “a natural fit” for Danfoss’ existing compressor and component portfolio and will “accelerate decarbonization with climate-friendly and energy-efficient cooling and heating solutions.”
“By adding BOCK’s world-leading technology to Danfoss’ extensive portfolio of compressors, valves, controls, heat exchangers, and sensors, we are simply consolidating our position as the leading provider of greener cooling and heating solutions,” said Kristian Strand, President, Danfoss Commercial Compressors.
“Danfoss’ global presence will open new business opportunities for BOCK, and together, we have high hopes for the future,” added Dr. Marcus Albrecht, CEO, BOCK.